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  1. Debt-ridden Xinyi Glass raises HK$1.14 billion

    Posted May 05th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Xinyi Glass Holdings, a debt-ridden mainland glass maker, said yesterday it had raised net proceeds of HK$1.14 billion from sales of its shares and convertible bonds to Och-Ziff Capital Management. Hong Kong-listed Xinyi Glass also raised net proceeds of HK$232 million from selling warrants to Och-Ziff, which will give the US asset management ...

  2. Car glass sales to drive Xinyi profit

    Posted Apr 16th 2007, 12:00am by Kandy Wong

    ... Kandy Wong Xinyi Glass Holdings, the only Hong Kong-listed glassmaker in the mainland to report profit growth last year, said vehicle glass would remain its earnings driver despite its expansion into other products. Vehicle glass, which accounts for 64 per cent of Xinyi's overall business, would still comprise more than 50 per cent of sales, chairman Gerry Tung said. Xinyi ...

  3. Xinyi budgets HK$3b to raise capacity by 70pc

    Posted Aug 15th 2007, 12:00am by Charlotte So

    ... Charlotte So Xinyi Glass Holding, the mainland's biggest vehicle glass exporter, will boost production capacity by almost 70 per cent by 2010 through a HK$3 billion expansion plan. The company also will cut costs by acquiring mines for silicon sand, the raw material for glass. 'The demand from the automotive industry is so big that we have to expand our production ...

  4. Xinyi shifts research focus to energy-saving glass

    Posted Apr 04th 2006, 12:00am by Andy Chen

    ... Andy Cheng Spending on production expansion cut as earnings growth slumps to 10.3pc Xinyi Glass Holdings, the mainland's largest exporter of vehicle glass, will cut its investment ... will switch to researching energy-saving glass, which involves coating chemicals on glass to reduce heat penetration, and enhancing existing vehicle glass production, according to Xinyi chief ...

  5. Xinyi takes over glass competitor

    Posted Oct 31st 2007, 12:00am by Staff Reporter

    ... Jonathan Yang Xinyi Glass Holdings, the country's largest vehicle glass and windshield exporter, has bought a laminated glass maker for HK$236.98 million to strengthen its global ... of the country's top three laminated car glass exporters. It has an annual production capacity of 1.3 million units of car glass products and holds 3 per cent of the domestic market. Xinyi Glass has ...

  6. Dropping of US duties set to lift Xinyi's earnings

    Posted Aug 14th 2007, 12:00am by Kandy Wong

    ... Kandy Wong Xinyi Glass Holdings, the mainland's largest automotive glass exporter by sales, said the cancellation of anti-dumping duties by the US government could boost ... for automotive and float glass products. The US dropped anti-dumping duties earlier this year to comply with the World Trade Organisation's free trade regulations. Xinyi has been paying since 2002 ...

  7. Business - Companies - POLITICS

    Glass firm's shares rise on perceived links to Zhang Gaoli

    Posted Nov 17th 2012, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Firm can raise a glass after reshuffle The reshuffle in Beijing provided a timely boost for one company yesterday- Xinyi Glass outshone the Hang Seng Index because of its perceived ties to a new member of China's most powerful body. Lee Shing Put, son of Xinyi Glass chairman Lee Yin Yee, happens to be the son-in-law of Zhang Gaoli one ...

  8. Glass offer adds dividend allure

    Posted Jan 05th 2005, 12:00am by Staff Reporter

    ... Hui Yuk-min and Nichole Chan Listing candidate Xinyi Glass Holdings, which produces car windshields, is offering a 30 per cent dividend payout and promising almost 30 per cent profit ... only $20.5 million to be distributed to its future shareholders. Xinyi Glass' nine directors, including chairman Lee Yin-yee and chief executive Gerry Tung Ching-sai, hold 100 per cent ...

  9. Glass maker taps into solar energy systems

    Posted May 10th 2006, 12:00am by Andy Chen

    ... Andy Cheng Xinyi Glass Holdings, the mainland's largest exporter of vehicle glass, will invest 300 million yuan in manufacturing and selling glass for solar energy systems. While ... energy,' Mr Tung said, adding that Xinyi was negotiating with mainland and overseas solar energy system providers, which supply solar panels and glass to commercial buildings. Mr Tung expected 70 ...

  10. Xinyi seeks $800m to fund expansion

    Posted Jan 04th 2005, 12:00am by Staff Reporter

    ... glass exporter, Xinyi Glass Holdings, aims to raise $800 million from a flotation on the Hong Kong main board to fund plans to expand downstream manufacturing. On top of the $250 million ... is the main raw material for our products. We can largely reduce our cost of material purchase as well as packaging and transport costs if we produce the float glass ourselves,' Xinyi chief ...




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